CFO Simplified

DECEMBER 12, 2021

The terms “finance” and “accounting” are often used interchangeably. There are, however, very real differences between finance and accounting. While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category.

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CFO Simplified

MARCH 20, 2022

A chief financial officer (CFO) holds the highest financial position in a business. A CFO, according to NetSuite , is responsible for: Tracking cash flow and financial planning. Proposing strategic directions and solutions. So, what’s the difference between a part-time CFO, a fractional CFO, and an interim CFO?

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CFO Thought Leader

DECEMBER 12, 2023

However, Seidel—CFO of space security start-up True Anomaly—swiftly short circuits the familiar narrative of a space-loving youth. Observes Seidel: “The CFO role is a cross-functional one. jb “It’s the job of the CFO to connect the dots across the business and act as a strategic thought partner for key stakeholders.

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CFO Dive

SEPTEMBER 20, 2022

Financial executives said controllers are not fully equipped to take on a bigger role in strategic planning, according to a survey by Deloitte and the Institute of Management Accountants.

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VCFO

APRIL 23, 2023

His first CFO role began in 2010, at Family Tree Corporation, a private oil and gas company, where he led strategic planning and development for non-operated working interests, mineral acquisitions, and large-scale lease plays. The post vcfo Denver Team welcomes Jonathon Rapacki, Consulting CFO appeared first on vcfo.

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A Fractional CFO

JUNE 8, 2022

By Tony Fremarek | A Fractional CFO, LLC A CFO is responsible for managing the financial operations of a business, this includes accounting, financial reporting, cash management, budgeting, maintaining controls, capital structure issues, and financing.

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VCFO

OCTOBER 10, 2023

monthly, annual) performance, much more is needed for effective strategic planning – proactive planning that looks beyond what the business will do in the short term to where you want it to be in five years, ten years, or a similar timeframe. A fractional CFO serves as an expert guide for business owners.

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VCFO

APRIL 21, 2022

vcfo is delighted to announce that Gary Golden has joined the vcfo Dallas team as a Consulting CFO. Gary is a finance professional with more than 45 years of expertise in business development, global accounting, and process improvement across multiple industries. Gary is also a Certified Public Accountant. About vcfo.

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CFO Leadership

AUGUST 12, 2021

The CFO Leadership Council proudly highlights our very first ten Diversity, Equity, and Inclusion Ascend Honorees! The Ascend program is an opportunity for Senior Finance Executives from underrepresented groups to join The CFO Leadership Council. Fisher Senior VP & CFO American Hospital Association. Christina Y. Christina Y.

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Beacon CFO Plus

OCTOBER 21, 2021

The CFO of your organization is one of your key leaders and strategists. What do you do when a CFO abruptly quits or announces plans to retire? The role of a CFO is hard to fill—and it must be done the right way. It can take years to build a strong relationship between a company’s CFO and CEO or ownership.

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The Finance Weekly

APRIL 1, 2023

However, amidst this uncertainty, the need for qualified CFOs remains as crucial as ever. CFO Pros on the Move March 2023 Steve Nave | Funko Funko, the pop-culture toy company, has named , Steve Nave as its CFO and COO. Burke takes over from Brian Cooper, who assumed the CFO role in 2021. She is also a U.S. Army veteran.

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The Charity CFO

NOVEMBER 10, 2022

What should you look for when evaluating nonprofit accounting services? Yes, they might have a board member or volunteer who takes care of the finances, but they often lack specific expertise in nonprofit accounting. Benefits of Nonprofit Accounting Services. Nonprofit organizations exist to further a mission or goal.

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E78 Partners

MAY 23, 2023

Very often, PE backed companies have found the best approach is to leverage an Interim CFO who can address time-sensitive key initiatives that the company can’t afford to wait on while also laying a strong foundation for a future permanent hire. But another leading factor has been the evolution of the CFO role itself.

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VCFO

NOVEMBER 1, 2023

Strategic Focus with Collaboration Some leaders struggle at year-end with striking a good balance between devoting ample time to the future of the business versus tactical tasks that keep the wheels turning. If planning for the upcoming year has not started, you are a bit behind. Reactive vs. Proactive It is now Q4.

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A Fractional CFO

APRIL 29, 2021

By Tony Fremarek | A Fractional CFO, LLC A CFO is responsible for managing the financial operations of a business, this includes accounting, financial reporting, cash management, budgeting, maintaining controls, capital structure issues, and financing.

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Focus CFO

DECEMBER 6, 2021

Some business owners downplay the complexity of Financial Planning and Analysis (FP&A) and mistakenly task their accounting team with this crucial function, or hope their CPA firm can be of help. Let’s examine how an outsourced, fractional CFO can improve FP&A: Improving Data. Turning Goals into a Strategic Plan.

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The Finance Weekly

MARCH 25, 2024

Big companies used to hog all the CFO action, but now even small and medium-sized businesses are jumping on the bandwagon. Why the sudden CFO craze? In a nutshell, companies are starting to view CFOs as smart investments rather than just expenses. Highest Paid CFOs in the World in 2024 1. AMRSQ) stock valued at over $8.

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CFO Thought Leader

JANUARY 27, 2024

This episode of Planning Aces sheds light on the critical role financial leadership and strategic planning plays in guiding companies through turbulent times and the importance of balancing short-term opportunities with long-term strategic planning.

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BlueLight

MAY 1, 2020

Traditionally, the chief financial officer (CFO) is responsible for tracking the company’s past and present financial situation and ensuring on-time and accurate financial reporting. Today, the CFO is expected to inform strategic decisions that drive the success of the company. The CFO takes on the responsibility of FP&A.

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CFO Simplified

FEBRUARY 17, 2022

Bringing Value through CFO Insights. The business’ part-time CFO was providing financials that didn’t match the reports they received from their accountant. Develop a cash-flow forecast so that the company could understand cash availability and plan on payments to their vendors and the primary lender. Initial contact –.

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CFO Simplified

JULY 22, 2022

Contact each of your open accounts. A business plan isn’t something that you just create when you start a company, it’s a strategic plan for how you’re going to manage and grow over the next two, five, and 10 years. The pandemic changed plans for nearly every business. Update your strategic plan.

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Future CFO

DECEMBER 14, 2023

The integration of artificial intelligence in an organisation's finance function and accounting services has been proven to be a necessary evolution in the way chief financial officers manage and strategise for growth and efficiency. It’s in the deciphering of what the data is saying that the CFO adds immense value to the client.

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BlueLight

JULY 30, 2020

The financial implication of these decision is critical and the CFO is the executive helping the CEO navigate these decisions. Historically, the CFO role was focused on backward looking information: ensuring on-time and accurate financial reporting. Their titles include CEO, CTO, COO, CFO, and VP of Finance of venture-backed startups.

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VCFO

MARCH 2, 2023

Challenges Faced by Professional Services Firms (and How a Strategic CFO Can Address Them) Professional services firms are unique entities. Some may think that makes financial management and strategic planning in a professional services firm simpler. What is your long-term plan for the business?”

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Boston Startup CFO

APRIL 3, 2023

Financial accounting: A topic that can easily disorient even the most driven entrepreneurs. Fortunately, we present you with a compass – a diagram that demystifies the functions of financial accounting. In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions.

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PYMNTS

AUGUST 21, 2017

. “The results suggest a relatively muted response from business so far — not the knee-jerk reaction that some expected,” explained Laurence Kiddle, Thomson Reuters’ EMEA tax and accounting managing director. PYMNTS outlines those results, obtained through a survey of 200 CFOs across Britain and Europe, below.

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Planful

DECEMBER 9, 2021

The strategic role of the CFO has become less about finance and accounting and more about becoming a strategic partner to the entire organization. Pushing forward requires CFOs to get involved in the business and convey the importance of the numbers to provide more strategic guidance to the business.

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CFO Simplified

AUGUST 22, 2022

By this time, you are well on the road to executing your strategic plan for this year. This strategic plan includes evaluating your client relationships: Do they fit into your business model? For example, instead of allowing you to borrow on 80% of your accounts receivable (AR), they are now only giving you 60%.

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CFO Thought Leader

APRIL 7, 2024

They also emphasize the evolving nature of finance professional interactions and the idea that strategic insights can serve as catalysts for organizational change, prompting shifts in product development, market strategy, and operational execution.

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VCFO

NOVEMBER 17, 2021

Highly analytical and forward-thinking, Dustin’s areas of expertise include structured finance, strategic planning, valuations, turnarounds, traditional and unconventional investments, mergers and acquisitions, joint ventures, global business management, executive partnerships, international negotiations, and revenue growth.

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CFO Simplified

JANUARY 2, 2022

According to the Journal of Accountancy 2018 , “in small businesses, there is a 29% chance that the owner or an executive is the one who will commit fraud.”. If employees sense that the Accounts Payable (AP) team is harried and barely scraping by, it can be tempting to test the waters on an expense report.

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VCFO

JULY 22, 2022

ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). These impacts will include major changes to accounting practices and financial reporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward. A Lease or Not a Lease?

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CFO Leadership

DECEMBER 12, 2022

From automation and cloud to ESG and talent management, CFOs are reimagining their long-term roles The takeaways from the results of our latest Global Finance Trends Survey confirm that CFOs continue to extend the value they deliver to the organization far beyond the boundaries of traditional finance and accounting activities.

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Future CFO

DECEMBER 7, 2020

Editor’s note: For our Female Leadership in Finance Series, FutureCFO editor Teresa Leung recently had a chat with Sereen Teoh (pictured below), CFO at BIG Loyalty. Sereen Teoh, CFO, BIG Loyalty. And now I'm the CFO of BIG Loyalty, owned and managed by BIGLIFE Sdn. FutureCFO: Can you share with me your finance career journey?

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The Charity CFO

JANUARY 12, 2024

Financial forecasts can then be used by nonprofit organizations for: Budgeting Strategic planning Fundraising Grant applications Even cash flow management While not always 100% accurate (especially in the unpredictable realm of nonprofits), a financial forecast can be extremely useful when it comes to informing decision-making and mitigating risks.

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The Charity CFO

FEBRUARY 27, 2024

Budget tracking is the process of monitoring your nonprofit’s income and expenses to ensure they stay within your planned budget. Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit. Get the free guide!

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PYMNTS

NOVEMBER 14, 2017

Carrillo, Opus’ current executive vice president and CFO, has resigned effective Nov. Thompson is coming on board as Opus’ new EVP and CFO and will join its executive committee as well. Thompson is coming to the bank from Midland States Bancorp, where he was EVP and CFO as well. “We The financial institution (FI) said Nicole M.

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